Federal Home Loan Bank of Atlanta -Affordable Housing Program

The Federal Home Loan Bank of Atlanta's Affordable Housing Program (AHP) provides tools and support to facilitate affordable housing financing.

The Home Loan Bank offers subsidies under two programs, the AHP Competitive Program for rental housing and/or homeownership, and the AHP Set-Aside Program for homeownership only.

The Atlanta branch of the Federal Home Loan Bank services these states: Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia.

AHP Competitive Program

Each year, the Bank allocates 65% of its subsidy to fund the Competitive Program, which provides funds for new construction and preservation projects, including rental housing. Each project can receive up to $500,000 and funds can be combined with other funding programs such as LIHTC and HOME.

Rental housing projects are eligible for funds if they meet the following requirements: fund the purchase, construction, or rehabilitation of a rental project where at least 20 percent of the units in the project are occupied by and are affordable for very low-income households, projects are limited to a single county, or projects that are multi-county must submit separate applications.

Projects under the Competitive Program are ranked according to a points based selection criteria. Point categories include:

This Working Paper looks at the combination of incentives state agencies are using in their LIHTC programs for affordable housing in neighborhoods with economic growth, quality schools, low crime, and access to...